CommerceNet to Showcase eCheck Technology on Palm Computing Handheld At CommerceNet 99
CUPERTINO, Calif. — October 26, 1999 — CommerceNet today announced that Palm IIIx(TM) handheld devices will be given to attendees of the CommerceNet 99 conference in San Diego on 1-3 November, so they can experience the power and understand the potential of eCheck technology. CommerceNet 99 participants will use their Palm(TM) handheld device throughout the conference to purchase conference items.
"eCheck technology creates a universal payment instrument that will play an important role in the future of eCommerce. The technology supports a variety of digitally signed transactions. These transactions will be vital elements in transforming businesses of all kinds in this emerging space," said Mark Resch, Executive Vice President and COO of CommerceNet. "Using the Palm Pilot(TM) to create and use eChecks proves that mobile eCommerce is quickly becoming a reality." reality."
A CommerceNet initiative, eCheck is a new payment instrument that combines the security, speed and processing efficiencies of all-electronic transactions with established legal infrastructure and business processes associated with paper checks. eCheck is a cooperative effort of more than fifteen banks, government entities, technology vendors and eCommerce organizations worldwide, including Agorics Incorporated, Bank of America, Certicom, Defense Finance and Accounting Service, Federal Reserve Financial Services, Fleet Bank, GTE, IBM, IntraNet, RDM Corporation, SafeNet, Sun Microsystems and the United States Treasury.
Diana Roberson, director Sales Development of Palm Computing, Inc, a 3Com Company, said, "We are very pleased to work with CommerceNet and its members to demonstrate state-of-the-art technology that allows electronic commerce providers to improve their service and accommodate customers' increasingly mobile lifestyles."
Taking E-Commerce Beyond the Desktop
CommerceNet 99 attendees will create their own eChecks using their new Palm IIIx(TM) handheld as an electronic wallet. Through implementations by IBM and RDM — who are among the first organizations to develop eCheck solutions — participants can see how easy it is to write an eCheck: user settings are customized with simple drop-down menus and basic forms. Next, attendees will use their eCheck to "purchase" select CommerceNet 99 conference merchandise from the CN 99 conference store. After transmitting the eCheck as a secure, digitally signed, encrypted message, users will see the eCheck receipt and deposit process, as well as receive their selected items.
About CommerceNet 99
CommerceNet 99 is an invitation-only, two and a half-day executive conference where worldwide industry leaders, vertical-market executives and entrepreneurs will explore the strategic issues shaping the future of eCommerce.
CommerceNet 99 offers unparalleled networking opportunities and focused sessions designed to help your business excel in today's competitive marketplace. These sessions are led by industry experts who will share their insight and real-life solutions to prepare you for the challenges of the future.
Register for CommerceNet 99 on 1-3 November 1999 at http://www.commerce.net/cn99.
About CommerceNet
CommerceNet is the largest grouping of electronic commerce influencers in the world, working to make ecommerce easy, trusted and ubiquitous. Launched in April 1994 in Silicon Valley, its membership has grown to more than 600 eCommerce developers and end-users worldwide from hardware and software companies, financial institutions, telcos, government agencies, integrators, service providers, net market makers and others.
NOTE: Palm and Palm IIIx are trademarks of 3Com Corporation or its subsidiaries.
SOURCE: CommerceNet
CONTACT:
B.K. DeLong, Research Lead of ZOT Group, 617-642-7149, or [email protected], for CommerceNet CommerceNet